Lessons from my First Million Dollars

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  • Опубліковано 4 лис 2024

КОМЕНТАРІ • 43

  • @alethiaarreola1847
    @alethiaarreola1847 3 роки тому +3

    Congratulations , Dimitri! I look up to you! Thanks for being such an inspiration

    • @DimitriBianco
      @DimitriBianco  3 роки тому +2

      Thanks for being a part of the channel!

  • @edwardbuchanan1480
    @edwardbuchanan1480 3 роки тому +6

    Thanks, Dimitri! We are in similar situations except you work and live in the same market. I am leveraging economic market arbitrage. My income is based on a high cost of living area (Fairfax, Virginia). I live in a significantly lower cost of living town which allows me to own my home. The spread allows me to own my home while paying my six-digit student loans and still have money for savings. My mortgage is my smallest debt.

    • @DimitriBianco
      @DimitriBianco  3 роки тому

      That's a smart decision. I'm still frugal today even after everything I've done.

  • @danielmadmony5887
    @danielmadmony5887 3 роки тому +1

    Thank you, Dimitri.

  • @ClassicRevive
    @ClassicRevive 3 роки тому +1

    Congratulations Dmitri, only up from here.

  • @Marco-sr4zy
    @Marco-sr4zy 3 роки тому +1

    Congrats! Been watching you for a year and you've given me a lot of great information.

    • @DimitriBianco
      @DimitriBianco  3 роки тому

      Thanks for being a part of the channel!

  • @mikelong3416
    @mikelong3416 3 роки тому +13

    On the topic of specialization, what are some examples of good areas to become a specialist in with regards to quantitative finance? I know you have touched on how risk analysis is becoming more and more sought after. Also, what steps should someone take to "become" that specialist and build up that reputation?

  • @sentralorigin
    @sentralorigin 3 роки тому +5

    i didn't even know i made my first million when i did. i feel like most people on their way are too busy to keep tabs on when they hit some arbitrary figure

  • @alexk1729
    @alexk1729 3 роки тому +1

    Great and comprehensive video, thanks Dimitri!

  • @JJLiu-xc3kg
    @JJLiu-xc3kg 3 роки тому +13

    The words “my first million” triggered a fight or flight response I didn’t know I had

    • @JJLiu-xc3kg
      @JJLiu-xc3kg 3 роки тому +2

      @@upnextcrypto6588 Wow, what a totally not automated bot response! Thanks definitely 100% real Dimitri, you seem like the kind of person who would act this sketchy.

    • @DimitriBianco
      @DimitriBianco  3 роки тому +3

      @@JJLiu-xc3kg lol, this is the first time I've seen someone somehow fake my comments. They seemed to have spammed most of the other comments as well. I'm just deleting them now.

    • @JJLiu-xc3kg
      @JJLiu-xc3kg 3 роки тому +2

      @@DimitriBianco Haha, cheers...real Dimitri?

  • @RicardoR1
    @RicardoR1 3 роки тому

    Congrats! 🍾 I’m taking your advice and have been taking your advice! Thanks for these videos.

    • @DimitriBianco
      @DimitriBianco  3 роки тому

      No problem. Thanks for being a part of the channel.

  • @MrFrazerz
    @MrFrazerz 3 роки тому +1

    If you haven't already, I'd really appreciate you making a video on your personal experience with logic and methods of proof since this has such a strong underpinning in all forms of mathematics. Furthermore, do you use logic and proofs frequently in your day-to-day quant life, or is this more of a thing that you personally defenestrated after school.

    • @MrFrazerz
      @MrFrazerz 3 роки тому +1

      Also, I like the new sound effect on the intro! lol

    • @DimitriBianco
      @DimitriBianco  3 роки тому

      We occasionally do proofs if something doesn't seem right. Two colleagues will come to a different conclusion and then we break out the math. This isn't very common though as once we understand the problems and the proofs, there is no need to re-do them.

  • @ankitacharya5307
    @ankitacharya5307 3 роки тому

    Dimitri plz make a video on the difference between applied economics and financial engineering

  • @Brandon-se4wn
    @Brandon-se4wn 3 роки тому +1

    Hey Dimitri,
    What types of Financial Quant roles can you find in Texas, specifically Dallas?
    Thanks

    • @DimitriBianco
      @DimitriBianco  3 роки тому +1

      Risk management for banks. There are model development and model validation. I plan on make a video for locations of risk jobs.

  • @stephenly6659
    @stephenly6659 3 роки тому

    also in finance, appreciate your work

    • @DimitriBianco
      @DimitriBianco  3 роки тому

      I'm happy to help where I can. Thanks for being a part of the channel.

  • @jonathaneidam2289
    @jonathaneidam2289 3 роки тому +1

    Great insights, loved it.

  • @jakobpirs1392
    @jakobpirs1392 3 роки тому +1

    Congrats bro

  • @ethanrich1237
    @ethanrich1237 3 роки тому

    Love the video! Really appreciate your insight and advice

  • @fahadshoaib8735
    @fahadshoaib8735 3 роки тому +2

    Now that's a title my friend

  • @kaustubhjoshi643
    @kaustubhjoshi643 3 роки тому

    Dimitri amazing video as always.
    I have a question. Now as I am starting my career in Finance what skills (both Technical and soft skills) do I need to have? What tools do I need to learn?
    Thank you for answering my question!

    • @gebo1861
      @gebo1861 3 роки тому

      You should've gone for CS then finance. But okay, learn coding.

    • @DimitriBianco
      @DimitriBianco  3 роки тому +1

      It depends on your career goals. Finance and quant finance are very different. Both can be fun and successful careers however you'll have to take one path or the other. They also differ in skills needed.

    • @kaustubhjoshi643
      @kaustubhjoshi643 3 роки тому

      @@DimitriBianco I am interested in traditional finance roles, working in a asset management company or an investment bank, what skills do I need?

  • @santiagomathison9158
    @santiagomathison9158 3 роки тому +1

    How many hours a week did you work during that year?

    • @DimitriBianco
      @DimitriBianco  3 роки тому +4

      It was made over many years but most weeks were 40 hours. There was maybe 4-8 weeks at 50-60 hours. Risk management allows you to have a life outside of work.

  • @TheMrSSS
    @TheMrSSS 2 роки тому +1

    In 1 year or total??